At Derix Capital Finance, we understand that even small businesses have big projects to fund. That is why we offer the SBA 504 loan program that allows you to purchase or build on the property you need to grow. If you are lacking the funds to make the major down payment on a property required in most commercial mortgages, then the SBA 504 may be the right choice for you. Our SBA PLP lenders work with the approval of the Small Business Administration to provide quick and efficient funding. We can provide approvals in as fast as 24 hours, and borrowers can often close within 45-60 days!
Depending on your qualifications, you could purchase a commercial property up to $15 million under the 504 program. This loan comes with competitive rates and flexible terms. In many cases, we can offer up to 90% financing in a 25-year amortized loan.
SBA 504 loans are not eligible for borrowers of passive income rental or personal property.
Whether you need to buy, build, renovate or refinance your property, an SBA 504 loan could work for you.
If you want to know more about our SBA 504 loans, contact our office today. A qualified financial expert can answer your questions and get you started on an application.